10241.2. Broker – Controlled Loan Funds – Notice to Borrower
Real Estate Law, Subdivided Lands Law and Vacation Ownership and Time-Share Act of 2004 As amended and in effect January 1, 2023 From the Business and Professions Code
Broker – Controlled Loan Funds – Notice to Borrower
10241.2. If the broker elects to make a loan subject to Section 10240 which consists wholly or in part of brokercontrolled funds as defined in subdivision (j) of Section 10241, the broker shall advise the borrower of that fact not later than the next business day after making the election, but in any event before the close of escrow of the loan transaction.